Stocks and U.S. equity futures fell Monday amid a slump in Hong Kong property developers and jitters ahead of a Federal Reserve meeting that’s expected to hint at moving toward tapering stimulus. The dollar rose.
Hong Kong shares tumbled, with a report suggesting Beijing could widen its crackdown on private industries to the city’s real-estate firms. Investors are also tracking the risk of contagion from the debt crisis at developer China Evergrande Group, which was on track to close at a record low market value. A Hong Kong gauge of property shares sank. The offshore yuan declined.
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September 20, 2021 at 05:00AM
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Stock Market Today: Dow, S&P Live Updates for Sept 20 - Bloomberg
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